The Instinct Japan Opportunity Fund began trading on Dec. 1 and is being managed by Fred Eechaute, who before founding Instinct earlier this year with partner Stephen Good was responsible for the Japanese equity long/short event driven book at DKR Oasis Japan.

John Paulson’s faith in gold is paying off in a big way, and fast. His Paulson & Co. may have turned a C$47.9 million (US$45.3 million) profit on just a single investment in the precious metal. And in less than five weeks.